Overview
Figment is the leading independent institutional staking provider, supporting customers across more than 40 blockchain networks. They enable institutions to stake digital assets securely while delivering the transparency, accuracy, and reporting rigor expected by finance, treasury, and operations teams.
A core part of Figment’s service is monthly staking statements–providing clear visibility into staked balances, rewards earned, fees paid, and USD-equivalent values. This same data underpins internal operations including financial reporting, treasury planning, rebate calculations, and customer billing.
The Challenge
As Figment scaled to support dozens of protocols rapidly, manual data-sourcing approaches like block explorers couldn’t meet the accuracy, consistency, or scalability requirements.
“Using block explorers ourselves is not feasible and scalable,” said Joshua Faier, Director of Staking Risk & Reporting at Figment. “We needed to find a data provider that supports as many of the networks Figment operates on as possible. Ideally, we could get all of our data from one place.”
Building internal indexing infrastructure across all of Figment’s supported protocols would have required substantial data engineering resources, diverting focus from Figment’s core mission of delivering best-in-class staking services.
The Solution
Figment selected TRES as a dedicated staking data provider, sourcing daily-level balances and rewards across many supported networks.
“The reason why we chose TRES was the daily level granularity,” said Joshua Faier. “The network breadth, and the willingness to collaborate as Figment rolled out support for a new network.”
TRES provides raw staking balances and rewards data, which Figment then enriches internally by:
- Determining whether rewards are gross or net of validator commissions
- Applying customer-specific fee arrangements
- Calculating rebates where on-chain fees exceed agreed commercial terms
- Converting staking activity into USD values using external pricing sources
This enriched dataset powers both customer-facing monthly statements and internal dashboards used by reporting, finance, and treasury teams.
The Impact
By leveraging TRES as a staking data layer, Figment has:
- Supported leading Proof-of-Stake networks without scaling data indexing teams
- Delivered consistent, auditable monthly statements to customers
- Powered treasury, rebate, and billing workflows from a unified data source
- Maintained daily visibility into staking activity across all protocols
Looking Ahead
As Figment continues to expand protocol coverage and customer activity, access to reliable, daily staking data remains essential. A unified data foundation supports both customer trust and internal operational clarity, reducing complexity as the business grows.
“TRES gives us daily, multi-network staking data without building all of the data indexing ourselves during periods of rapid back-to-back launches to support staking on new blockchains” ,” said Joshua Faier, Director of Staking Risk & Reporting at Figment. “Their breadth of networks has been valuable.”
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